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Breakout in NSC

Home › Forums › Swing Trades › Breakout in NSC

  • This topic has 1 reply, 1 voice, and was last updated 8 years, 3 months ago by Steven Place.
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  • March 12, 2014 at 9:21 am #2482
    Steven Place
    Keymaster

    Great relative strength and a very nice cup and handle pattern.

    nsc

    The Apr 95 calls at 2.90 or lower is the trade I like, with a stop at 93.28.

    April 7, 2014 at 10:20 am #2483
    Steven Place
    Keymaster

    THe stock broke out, but then just chopped around for a month. Instead of having price risk in this trade, we had theta risk (not fun).

    Sell to close the April 95 calls for 2.00.

    I will definetly keep this on the watchlist due to its relative strength, and will rebuy MAY calls if it breaks out.

    nsc

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